Exam 3: Managing in a Global Environment

Which of the following is NOT a legal-political factor in the international environment?

The United States has the largest mobile phone market in the world.

The risk of loss due to actions by host country governments is known as _____________.

Which of the following is an entry strategy in which the organization maintains its production facilities within its home country and transfers its products for sale in foreign markets?

A nation's _____________ includes the shared knowledge,beliefs,and values,as well as the common modes of behavior and ways of thinking,among members of a society.

The term top of the pyramid refers to the more than four billion people who earn the least,as defined by per capita income.

According to Spotlight on Skills box in Chapter 3,being on-time for appointments is very important in Brazil.

Which of the following companies place an emphasis on their home countries?

According to the GLOBE Value Dimensions,Japan and Russia both have very high performance orientation.

In which stage,market potential is limited to home country,with all production and marketing facilities located at home?

Explain NAFTA.

Riots,revolutions,civil disorders,and frequent changes in government that affect the operations of an international company shows ______________ in a country.

A form of exporting to less-developed countries is called

Case - Doing Business in Eritrea Eritrea is in Eastern Africa. Its size is slightly bigger than the state of Pennsylvania. Eritrea currently hosts a UN peacekeeping operation that is monitoring a 25 km-wide Temporary Security Zone on the border with Ethiopia. An international commission, organized to resolve the border dispute, posted its findings in 2002 but final demarcation is on hold due to Ethiopian objections. Since gaining its independence from Ethiopia on 24 May 1993, Eritrea has faced the economic problems of a small, desperately poor country. Like the economies of many African nations, the economy is largely based on subsistence agriculture, with 80 percent of the population involved in farming and herding. In 2004, it took 13.788 nakfa (the Eritrean currency) to get one U.S. dollar, and its per capita income was equal to 900 U.S. dollars. It has a total of 306 kilometers of railroad, 874 kilometers of paved roads, and four airports with paved runways. Its people speak a variety of languages including Afar, Arabic, Tigre and Kunama, Tigrinya, and other Cushitic languages. The Eritrean society is generous with whatever resources it has and its people place a high value on helping others. -Refer to the scenario above.Having such limited roads and railways indicates Eritrea has:

High-context cultures include Asian and Arab countries,whereas low-context cultures tend to be American and Northern European.

Collectivism means a preference for a tightly knit social framework in which individuals look after one another and organizations protect their members' interests.

A ____ interaction requires more time because a relationship has to be developed,and trust and friendship must be established.

All of the following are considered emerging economies EXCEPT:

Which of the following refers to the frustration and anxiety that result from constantly being subjected to strange and unfamiliar cues about what to do and how to do it?

All of the following are cultural dimensions as defined by the GLOBE Project,EXCEPT: